Japanese Chief Cabinet Secretary Yoshimasa Hayashi emphasized on Tuesday that authorities would take suitable actions in response to excessive currency volatility, issuing a fresh warning amidst the yen nearing the critical 160 per dollar mark.
During a routine press briefing, Hayashi, Japan's primary government spokesperson, highlighted the adverse impact of excessive foreign exchange fluctuations on both corporate operations and household economies.
"We are closely monitoring currency fluctuations and will take necessary measures to address excessive volatility," Hayashi stated.
Earlier the same day, Japanese Finance Minister Shunichi Suzuki echoed similar sentiments in an interview with TBS, emphasizing the importance of stable currency movements that reflect underlying economic fundamentals.
"We are prepared to respond appropriately to any excessive movements in currency rates," Suzuki affirmed, speaking from Tokyo Haneda airport before departing for a bilateral meeting in Seoul with his South Korean counterpart.
Paraphrasing text from "Reuters" all rights reserved by the original author.
